Have you heard about domain names that sold for over a million dollars? Inspired by this, you imagine registering a great domain name, hanging onto it for a while, and then selling it off to become the next multi-millionaire. It could happen, but don`t count on it!
First of all, many of the truly great domain names are already taken. Second, the dot com bust took some of the wind out of inflated domain name prices. (If you sell your domain name for millions of dollars worth of stock in a publicly traded dot com flop, what is the name really worth?)
The cybersquatter buys domain names totally on speculation. Sometimes he will register names of famous brands, companies, or individuals. Time and again, these domain name speculators learn the hard way that they must respect intellectual property rights. They hope that some large corporation will pay big bucks to them for the use of the company`s own (already trademarked) name. Instead, they end up with threatening letters from a law firm for their attempts at extortion.
However, you can still make money from domain names if you are sensible in your approach. Here are some suggestions on ways to profit.
1. Affiliate Programs: Use your domain name to promote an appropriate affiliate program. Either redirect to the affiliate site or write a review that links to them.
2. Informational Sites: Create content and then profit from it by earning advertising revenue through Google AdSense or a similar program.
3. Redirect to Your Own Site: Some reasons you might want to do this include preventing competitors from using a particular domain name and benefiting from searches some users perform by domain name. (For example, if they wanted to order flowers, they might just type "flowers.com" in their web browser. You could get some traffic and sales this way.)
4. Product Sites: Create your own or sell someone else`s product appropriate to
your domain name.
5. Park Your Domain Names: You might feel that your name has real potential for resale value.
There are companies that will allow you to park your domain on their servers, advertise that your name is for sale, and split advertising revenue with you.
The trick is to generate traffic for your domain name. That traffic in turn will create revenue. Then, when you go to sell your domain name, you will have a few things going for you.
First, you will have a fully developed website. A fully constructed building on a piece of land increases the value of the real estate property. Similarly, the value of your domain name is enhanced by a complete and operating website.
Second, you have traffic. Just as a shopping mall with no traffic results in no sales, so a website must have traffic to generate income.
Third, you have income. An income property, such as an apartment building, can be appraised on the basis of its income (as well as other factors). Similarly, the gross income, net profits and cashflow of a website have value. For example, if someone offered you $1,000 for your domain name and website when it was generating $10,000 per day in profits, you would likely laugh at him.
You really can profit from your domain name investments by adding value and properly developing your web properties.
For further information about profiting from domain names, visit http://www.yenommarketinginc.com/domain-names.html
About The Author
J. Stephen Pope, President of Pope Consulting Inc., http://www.popeconsultinginc.com/ has been helping clients to earn maximum business profits for over twenty-five years.
For valuable Work at Home Small Business Ideas, visit: http://www.yenommarketinginc.com/
Thursday, February 1, 2007
How To Choose The Best Domain Name
In this article we are going to look at the thought process you should go thru to choose your domain name.
First of all let's define what a domain name is.
A unique name that represents each computer on the Internet. (Some machines do have more than one domain name.) The DNS converts the domain name requested by an Internet user into an IP address.
The Domain Name System (DNS) helps users to find their way around the Internet. Every computer on the Internet has a unique address – just like a telephone number – which is a rather complicated string of numbers. It is called its "IP address" (IP stands for "Internet Protocol").
But it is hard to remember everyone's IP address. The DNS makes it easier by allowing a familiar string of letters (the "domain name") to be used instead of the arcane IP address. So instead of typing 64.65.51.245 , you can type www.team-schuman.com. It is a "mnemonic" device that makes addresses easier to remember.
So what makes the best internet domain name?
First of all don't pick a name that has nothing to do with your Web site. If you are selling flowers don't pick a name like apples.com. Picking an oddball name makes no sense and it will just confuse your audience.
Don't make your new domain name too long. The longer it is the harder it becomes to remember. Can you remember myflowers.com or lookatmyflowerswebsite.com?
Short names are not the way to go either. It is to your benefit to try and buy a domain name that has a few keywords that relate to the topic of you Web site when possible.
Keyword placement when choosing your domain name is helpful as your site develops a higher placement with the search engines. Having the name jeffsflowers.com will do better with a search engine than jeffssite.com. With jeffsflowers.com you know I have a flower website where with jeffssite.com you don't know what kind of Web site I have.
When registering your domain name in some cases you will need to determine if you want to use hyphens in the name itself. Personally I have found this to be a great way to get a domain name that otherwise my not be available. The domain name myflowers.com might already be taken whereas the name my-flowers.com might be available.
Everything I have read says try to get a
.com domain name first before going to a .net or .org etc. As more and more domain names are taken this becomes harder to do and I think you are better off getting a keyword rich domain name like my-flowers.org than you are to buy a .com domain name like jeffssite.com.
Is buying a cheap domain name a bad idea? Absolutely not. I do it all of the time. I get all of my domain names here:
http://www.godaddy.com
Then I transfer them to my hosting company here:
http://www.team-schuman.com/host4profit.
I can buy a domain name for less than $10 from Godaddy.com and transfer it for free to Host4Profit. This saves me $20 on buying it from the hosting company itself. A domain name is a domain name and you might as well save a little money where you can.
Finding out what names are available is very easy to do. Let's use Godaddy.com as an example.
Go here: http://www.godaddy.com
Click on the icon for Domain Names
Enter a domain name and see if it is available
They will come back with a list of available names
Decide what one you want and buy it
One last thing to consider. Protect your name by registering multiple extensions (.net, .org, etc.) This deters people from copying your name. For example, if you own my-flowers.com you can also register my-flowers.net and any other extension that's available. As you build up traffic to your site if someone types in an version other than the .com version you can forward it to your .com site and not lose any traffic.
In closing it is important to spend a little time when choosing the best domain name for your website. Try and get some keywords in your domain name. Don't stop at choosing just a .com version and save a little money by buying a cheap domain name whenever possible as long as it still contains some keywords.
Copyright 2004 Jeff Schuman
About The Author
Jeff Schuman is the creator of several websites. His Sites-Plus.Com website is a small business website that contains the best of everything you need to start and run your own small business. Visit it here today:
http://www.sites-plus.com
http://www.team-schuman.com
First of all let's define what a domain name is.
A unique name that represents each computer on the Internet. (Some machines do have more than one domain name.) The DNS converts the domain name requested by an Internet user into an IP address.
The Domain Name System (DNS) helps users to find their way around the Internet. Every computer on the Internet has a unique address – just like a telephone number – which is a rather complicated string of numbers. It is called its "IP address" (IP stands for "Internet Protocol").
But it is hard to remember everyone's IP address. The DNS makes it easier by allowing a familiar string of letters (the "domain name") to be used instead of the arcane IP address. So instead of typing 64.65.51.245 , you can type www.team-schuman.com. It is a "mnemonic" device that makes addresses easier to remember.
So what makes the best internet domain name?
First of all don't pick a name that has nothing to do with your Web site. If you are selling flowers don't pick a name like apples.com. Picking an oddball name makes no sense and it will just confuse your audience.
Don't make your new domain name too long. The longer it is the harder it becomes to remember. Can you remember myflowers.com or lookatmyflowerswebsite.com?
Short names are not the way to go either. It is to your benefit to try and buy a domain name that has a few keywords that relate to the topic of you Web site when possible.
Keyword placement when choosing your domain name is helpful as your site develops a higher placement with the search engines. Having the name jeffsflowers.com will do better with a search engine than jeffssite.com. With jeffsflowers.com you know I have a flower website where with jeffssite.com you don't know what kind of Web site I have.
When registering your domain name in some cases you will need to determine if you want to use hyphens in the name itself. Personally I have found this to be a great way to get a domain name that otherwise my not be available. The domain name myflowers.com might already be taken whereas the name my-flowers.com might be available.
Everything I have read says try to get a
.com domain name first before going to a .net or .org etc. As more and more domain names are taken this becomes harder to do and I think you are better off getting a keyword rich domain name like my-flowers.org than you are to buy a .com domain name like jeffssite.com.
Is buying a cheap domain name a bad idea? Absolutely not. I do it all of the time. I get all of my domain names here:
http://www.godaddy.com
Then I transfer them to my hosting company here:
http://www.team-schuman.com/host4profit.
I can buy a domain name for less than $10 from Godaddy.com and transfer it for free to Host4Profit. This saves me $20 on buying it from the hosting company itself. A domain name is a domain name and you might as well save a little money where you can.
Finding out what names are available is very easy to do. Let's use Godaddy.com as an example.
Go here: http://www.godaddy.com
Click on the icon for Domain Names
Enter a domain name and see if it is available
They will come back with a list of available names
Decide what one you want and buy it
One last thing to consider. Protect your name by registering multiple extensions (.net, .org, etc.) This deters people from copying your name. For example, if you own my-flowers.com you can also register my-flowers.net and any other extension that's available. As you build up traffic to your site if someone types in an version other than the .com version you can forward it to your .com site and not lose any traffic.
In closing it is important to spend a little time when choosing the best domain name for your website. Try and get some keywords in your domain name. Don't stop at choosing just a .com version and save a little money by buying a cheap domain name whenever possible as long as it still contains some keywords.
Copyright 2004 Jeff Schuman
About The Author
Jeff Schuman is the creator of several websites. His Sites-Plus.Com website is a small business website that contains the best of everything you need to start and run your own small business. Visit it here today:
http://www.sites-plus.com
http://www.team-schuman.com
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